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Export Tax Sharing Agreement

Export Tax Sharing Agreement

Aug 6th, 2022

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How to Export Tax Sharing Agreement

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Hi Im Adriene Hill and Im Jacob Clifford and welcome to Crash Course Economics. Today were going to talk about international trade. So we all know our stuff is from everywhere. Bangladesh, China, Vietnam, China again, but what does it actually tell us about the global economy or the US economy? And whos is benefitting from all this trade. And whos gonna clean all this up? [Theme Music] International trade is the lifeblood of the global economy. Basically when a good or service is produed in, lets say, Brazil and sold to a person or business in the US, that counts as an export for Brazil and as an import from US. As you might expect, the United States is the worlds largest importer because Americans love their stuff. In 2014 Americans import over two trillion dollars worth of stuff, like oil cars and clothing from countries all over the world. And if you look around your local big box store, it feels like everything is made in China. And we do import a lot of things from China b

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